Malabar Gold & Diamonds announced that the company is all set to expand its global presence by launching 20 new showrooms in October, across India, the GCC countries, and the USA. This, it added, will take the total number of showrooms worldwide to 375. Currently, Malabar Gold & Diamonds operates 355 showrooms across 13 countries.
In India, the company will open new showrooms in Uttar Pradesh (3), Delhi (2), Maharashtra (2), Karnataka (2), Rajasthan (2), Odisha (1), Telangana (1), West Bengal (1), and Punjab (1). Furthermore, internationally, the brand plans to open new showrooms in Muwaileh, Sharjah; Muitar, Qatar; and Nakheel Mall, Saudi Arabia. Additionally, Malabar Gold & Diamonds will broaden its North American footprint with two new showrooms in Artesia, Los Angeles, and Atlanta, Georgia.
MP Ahammed, Chairman, Malabar Group, said, “Opening 20 new showrooms in October aligns with our vision to become the world’s leading retail jeweller. Our expansion plan focuses on sustainable and responsible growth that not only drives our business forward but also benefits society. We take immense pride in being recognized as a Responsible Jewellery House at the India Gold Conference 2023-24, reflecting our unwavering commitment to ethical business practices, responsible sourcing, and sustainability. Every new showroom will embody our core values of trust, transparency, and quality, ensuring an exceptional shopping experience that resonates with our customers.”
The company plans to showcase a wide variety of traditional and modern jewellery and will provide a personalised shopping experience, complete with custom design services and luxurious lounge areas to ensure customer comfort and satisfaction, it said.
Malabar Gold & Diamonds, with a global presence spanning countries such as the UAE, USA, UK, Canada, and Australia, employs over 21,000 people from 26 nations. The company operates 14 wholesale units, 15 manufacturing units, and design studios worldwide, offering over 25 exclusive jewellery collections to more than 15 million customers in 100 countries.
From: financialexpress
Financial News
